Description
BSE revokes suspension of trading in equity shares of Vaishno Cement Company Limited (Scrip Code: 526941)
Summary
BSE has revoked the suspension in trading of equity shares of Vaishno Cement Company Limited (Scrip Code: 526941, ISIN: INE116E01018). The company profile reveals it is currently inoperative with no regular Chairman or Managing Director, only a Whole-time Director.
Key Points
- Company is listed on BSE and Calcutta Stock Exchange
- Current operational status: Inoperative
- No regular Chairman; Whole-time Director is Jatin Nanji Chheda
- Company Secretary: Nandani Mimani
- Business involves cement manufacturing and related products
- Recent auditor change from Bijan Ghosh & Associates to Manish Mahavir & Co. for FY 2024-25
Regulatory Changes
Revocation of trading suspension allows normal trading to resume for the company’s equity shares on BSE.
Compliance Requirements
- Company must maintain compliance with listing requirements
- Regular filing of statutory documents and disclosures
- Payment of listing fees to all exchanges where listed
Important Dates
- Circular Date: August 11, 2025
- Effective immediately upon circular issuance
Impact Assessment
Positive impact for existing shareholders as trading liquidity is restored. However, given the company’s inoperative status, trading volumes may remain limited. Investors should exercise caution given the operational challenges.
Impact Justification
Trading suspension revocation affects specific stock liquidity and investor access